As you were EUR/USD

The noted jump in the EUR/USD immediately after the release of the US jobs report saw the Euro spike to a high at 1.1155. In fact, it did trade lower first before that, touching 1.1080, but of course both moves took place in the blink of an eye, or maybe even less than that. So, now the EURUSD is falling back to where it was before all this took place. The reason for that would seem to lie with a further rebound in the USD/JPY- that just traded back above 143.35 a short while ago. The other reason would seem to rest with the Feds Williams, who has just said there is not much of a case for a 0.50% Fed rate cut this month. Well, those remarks sure pour cold water what those Citibank analysts think does it not? Anyway, the upshot all this, is the EUR/USD is pretty much back to square one as the US stock markets prepare to reopen for the final session of the week. Those futures markets are still holding their rebounds though and hence it looks like it will be a more positive start to live trade. The EUR/USD has just now dipped below 1.1100 again